Specialists in some of the world's fastest-growing markets
Driven by fundamental company research, FSSA Investment Managers delve deep into the Asia Pacific region and Global Emerging Markets to invest in high quality companies that can outperform over the long term. We are bottom-up investors and construct high-conviction portfolios that offer our clients exposure to some of the world’s fastest-growing markets.
We are long-term, responsible investors and have fully integrated environmental, social and governance factors into the investment process. To us, sustainability is not just a label, but a set of values by which we operate. We consider it to be prudent risk management and a fundamental obligation to our clients.
FSSA Investment Managers is an autonomous team within the First Sentier Investors group, with dedicated investment professionals in Hong Kong, Singapore and Edinburgh.
Key investment themes
FSSA Investment Managers portfolios are built company by company based on our analysis of share price drivers, with little regard for index positioning or how the broader market will perform. We are focused on growth in an absolute return sense, constructing portfolios of high quality companies that are supported by long-term investment themes.
Long-term investment themes
Dominant consumer franchises
ith favourable demographics and populations that are still growing – particularly in Southeast Asia and India – we believe dominant consumer franchises offer good growth over the long term.
High quality financials
Banks and high quality financials should benefit from similar drivers as consumer businesses: demographics, rising incomes and urbanisation.
Rising healthcare spending
Many countries are under-invested in healthcare compared to the global average. As these economies become richer, we expect healthcare and health-related spending to rise.
A connected and automated world
As the world embraces a digital future, Asian technology firms should benefit from strong end demand and a growing market. At the same time, lower-cost robots allows manufacturers to automate their processes.
Environmental, Social Governance (ESG): more than just a label
For FSSA Investment Managers, sustainability is not just a label, but a set of values by which we operate.
As a firm, we have been signatories to the Principles of Responsible Investment (PRI) since 2007 and view this as a minimum standard. We continue to strive to better understand how ESG and sustainability issues can affect long-term investment performance.
Our corporate RI strategy is based upon three strategic pillars of quality, stewardship and engagement.
We endeavour to make use of all relevant information at hand, including how companies manage environmental, social and governance issues, and only invest where we perceive the management operates the business effectively and in the interests of all stakeholders. Companies that do not look after their customers, employees, suppliers and the larger community are unlikely, in our view, to be rewarding long-term investments. On the other side of the equation, Responsible Investment also means being responsible owners. When we make an investment, we regard ourselves as buying shares in a real business, with all the rights and responsibilities that this entails. As long-term investors, we engage extensively on ESG matters, particularly where we feel we can add value or can pass on experiences of best practice.
The FSSA investment team consists of 21 investment professionals based in Hong Kong, Singapore and Edinburgh.
We have a distinct culture and team structure, which has contributed to the stability of the team. Around half of our analysts joined as graduates; and the majority of our portfolio managers have been with us for most of their careers.
Our team members come from diverse backgrounds and speak 15 local languages and dialects, which contributes to the quality of research and analysis when meeting with companies. All portfolio managers are, first and foremost, also analysts; and the entire team contribute stock ideas to each of our client portfolios.